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Sunreit subscribes to Sunway debt notes

Sunreit subscribes to Sunway debt notes

PETALING JAYA: Sunway Real Estate Investment Trust’s (Sunreit) trustee RHB Trustees Bhd has subscribed to the one-month commercial paper with nominal value of RM60 million issued by Sunway Bhd, in a related party deal. The subscription is at a 3.8% per annum discount rate. Sarena Cheah Yean Tih, a director of Sunway and the manager, […]

September 12, 2017 | By | Reply More
MARGMA warns of up to 12% increase in prices  due to Hurricane Irma and other factors

MARGMA warns of up to 12% increase in prices due to Hurricane Irma and other factors

PETALING JAYA: Malaysian Rubber Glove Manufacturers Association (Margma) expects the price of rubber gloves to increase by up to 12% on Hurricane Irma, rising cost of natural rubber latex, the weakening US dollar and shortage of paper. In a statement released earlier Margma President Denis Low Jau Foo said one of the key contributing factors […]

September 12, 2017 | By | Reply More
Sunway Hotels targets 75% occupancy for new Sunway Velocity Hotel

Sunway Hotels targets 75% occupancy for new Sunway Velocity Hotel

KUALA LUMPUR: Sunway Hotels & Resorts is targeting 75% occupancy for its new hotel, Sunway Velocity Hotel in its first full year of operations. Sunway Putra Hotel Sdn Bhd cluster director of sales and marketing TS Cheah said it is targeting 56% occupancy between September and December this year and 75% occupancy next year. The […]

September 12, 2017 | By | Reply More
Sunway eyes land near new public infrastructure

Sunway eyes land near new public infrastructure

KUALA LUMPUR: Sunway Group’s property arm Sunway Property, is on the lookout for more land near new public infrastructures and transit-oriented developments (TOD), said its managing director Sarena Cheah. “We are looking for more land near TODs because we do see the potential when all MRTs and LRTs are completed, just like looking at how […]

September 12, 2017 | By | Reply More
Celcom Q2 net profit marginally higher

Celcom Q2 net profit marginally higher

PETALING JAYA: Celcom Axiata Bhd saw a 3.44% jump in profit after tax, amortisation and minority interest (patami) for the second quarter ended June 30. Celcom registered a patami of RM331 million in the quarter under review against RM320 million a year ago. Total revenue fell by 3.63% to RM1.62 billion from RM1.68 billion. Service […]

September 12, 2017 | By | Reply More
Willowglen MSC to make material announcement

Willowglen MSC to make material announcement

PETALING JAYA: Willowglen MSC Bhd’s shares are to be suspended in afternoon trade pending a material announcement, the company told Bursa Malaysia in a filing. Willowglen MSC is a company involved in supervisory control and data acquisition (scada) and security solutions. The company’s stock hit a high of RM1.40 in morning trade before settling up […]

September 12, 2017 | By | Reply More
Willowglen group MD ups stake to 55%, triggers mandatory takeover offer

Willowglen group MD ups stake to 55%, triggers mandatory takeover offer

PETALING JAYA: Willowglen MSC Bhd’s group managing director Wong Ah Chiew has mopped up a 22.2% stake in the company at a 40% discount, bringing his interest in the company up to 55%, triggering a mandatory takeover offer. New Advent Sdn Bhd, a company controlled by Wong, plans to maintain the listing status of the […]

September 12, 2017 | By | Reply More
George Kent shares up on HK meter supply job

George Kent shares up on HK meter supply job

PETALING JAYA: George Kent (Malaysia) Bhd saw its share price hit a high of RM2.80 in morning trade, after it announced the award of a RM28 million supply and delivery of 650,000 water meters to the Water Supplies Department (WSD), Hong Kong yesterday. Its share price was up 1.82%, trading at RM2.78 as at 12.26pm […]

September 12, 2017 | By | Reply More
Ringgit opens easier against US dollar

Ringgit opens easier against US dollar

KUALA LUMPUR: The ringgit opened easier against the US dollar today as investors’ concern subsided over North Korea launching another missile test, a dealer said. At 9.02am, the local unit was quoted at 4.2030/2070 against the greenback from yesterday’s close of 4.1950/1000. A dealer said investors shifted interest towards the greenback after North Korea marked […]

September 12, 2017 | By | Reply More
Autumn selection

Autumn selection

STARBUCKS takes the lid off its “other” caffeinated drink on the menu and puts its brew to “chill” (pun intended). From today, Sept 12, visit any Starbucks store and indulge in the three new season’s specials, comprising two frozen beverages and a coffee based alternative that are expected to start a queue and develop a […]

September 12, 2017 | By | Reply More